NexGold Announces Closing of C$112.5 Million Bought Deal Private Placement of Units and Flow-Through Shares

Core Points - NexGold Mining Corp. has successfully closed a bought deal private placement, issuing 69,445,000 units at C$1.44 per unit for total gross proceeds of C$100,000,800, and 7,944,000 flow-through shares at C$1.58 per share for total gross proceeds of C$12,551,520 [1][2] Group 1: Offering Details - The offering was led by National Bank Financial Inc., with BMO Capital Markets and Red Cloud Securities Inc. as underwriters, who received a 5.0% cash commission on gross proceeds, except for a reduced 2.5% commission on $10,000,000 worth of units sold to certain purchasers [2] - The net proceeds from the units will be allocated to the development of the Goldboro Gold Project and for general corporate and working capital purposes, while proceeds from the flow-through shares will be used for Canadian exploration expenses qualifying as flow-through mining expenditures by December 31, 2026 [3] Group 2: Insider Participation - Insiders subscribed for a total of 287,500 units for gross proceeds of $414,000 and 178,000 flow-through shares for gross proceeds of $281,240, which are considered related party transactions [5] Group 3: Company Overview - NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario, as well as other projects across Canada [7]